FirstGroup Balance Sheet Health
Financial Health criteria checks 3/6
FirstGroup has a total shareholder equity of £633.7M and total debt of £301.5M, which brings its debt-to-equity ratio to 47.6%. Its total assets and total liabilities are £4.2B and £3.5B respectively. FirstGroup's EBIT is £68.3M making its interest coverage ratio 1.2. It has cash and short-term investments of £685.5M.
Key information
47.6%
Debt to equity ratio
UK£301.50m
Debt
Interest coverage ratio | 1.2x |
Cash | UK£685.50m |
Equity | UK£633.70m |
Total liabilities | UK£3.54b |
Total assets | UK£4.17b |
Recent financial health updates
Financial Position Analysis
Long Term Liabilities: FGP's short term assets (£1.7B) exceed its long term liabilities (£1.3B).
Debt to Equity History and Analysis
Debt Level: FGP has more cash than its total debt.
Debt Coverage: FGP's debt is well covered by operating cash flow (212.8%).
Interest Coverage: FGP's interest payments on its debt are not well covered by EBIT (1.2x coverage).